Profunds index and sector trading

[was Steve]

there is a major lack of conviction in the markets. if we dont get follow thru tuesday, then we are heading to 1525 ndx imo. that said, the banks should have good earnings and get the spx futes a boost on tuesday. that enthusiasm should spill over into techs. at least thats how im playing it. that will give us the much needed follow thru day. the ndx has a key area around 1580 and i think the nas equivolent is 2112. if we get there tues/wed and get thru, then we should make it back to to test the wall of resistance of the month of december

im taking it day by day, but thats a few thoughts